Five Trends of the International Staffing Industry
With businesses building an increasingly global workforce, growing adoption of technology in hiring, and a huge demand for temp workers, the demand for staffing firms is also set to increase. Here are the top five trends shaping the international staffing industry:
The importance of data will grow
The volume of data available is staggering. How staffing firms leverage the data available and analyze it to make informed decisions will be critical to making smarter recruiting decisions. Data can impact everything from evaluating skill gaps to assessing talent supply and demand. The most sophisticated firms are piecing together every bit of data to perform better and deliver more value.
The use of Artificial Intelligence (AI) will become more prominent
Simply gathering data isn’t enough. Analyzing and processing them as fast as you can is the key to better recruiting. Using data to power machines that can make those smart recruiting decisions for you is where AI comes in. AI can help you automate several aspects of recruiting such as candidate searches and managing applicant pools. Through chatbots, AI can also help automate the initial communication and screening of candidates.
Thus, AI can free you from routine tasks and help you concentrate on higher-value activities such as building relationships with candidates and gauging their interpersonal skills.
Candidate experience will matter a lot
Candidate acquisition is a top priority among staffing firms and talent shortage still remains a major challenge that most firms face. Focusing on providing an excellent candidate experience will have a significant positive impact on these issues. A happy candidate will help to promote your jobs and bring in more business through referrals. Referrals are one of the best sources for procuring new talent.
Thus, providing a great candidate experience will pay off not just for filling vacancies but also for sourcing future candidates through positive referrals.
The demand for temporary workers will rise
Changing industry needs and a shortage of talent will increase the demand for temporary and contract workers. Staffing firms should prepare themselves to fill in these vacancies as soon as possible.
Diversity in hiring will be a key focus
Diversity is directly tied to an organization’s culture and financial growth because diverse teams are more productive, innovative, and engaged. Staffing firms should ignore gender and ethnic biases to help organizations build a more diversified workforce.
The field of human resources management is constantly changing and developing. Adapting to these changes by staying top of these trends will help your staffing firm to be more successful. At International Manpower Resources, we can help you understand all the major industry staffing trends and how you can make the most of it.